Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 11-01-2020 , and ending 10-31-2021
Name of foundation
CRAIN-MALING FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)951 MT VERNON AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAKE FOREST, IL60045
A Employer identification number

20-4310219
B Telephone number (see instructions)

(847) 917-0855
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$44,491,813J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 106,281
2 Check bullet.............
3 Interest on savings and temporary cash investments 64 64  
4 Dividends and interest from securities... 2,170,126 2,170,126  
5a Gross rents............ 52,021    
b Net rental income or (loss) 52,021
6a Net gain or (loss) from sale of assets not on line 10 223,923
b Gross sales price for all assets on line 6a 6,332,120
7 Capital gain net income (from Part IV, line 2)... 223,923
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 29 29  
12 Total. Add lines 1 through 11........ 2,552,444 2,394,142  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 814,763 81,476   686,108
14 Other employee salaries and wages...... 43,333 8,667   34,666
15 Pension plans, employee benefits....... 15,302 3,060   12,242
16a Legal fees (attach schedule)......... Click to see attachment 10,933 5,466   5,466
b Accounting fees (attach schedule)....... Click to see attachment 22,300 11,150   11,150
c Other professional fees (attach schedule).... Click to see attachment 268,612 268,612   0
17 Interest............... 24 24   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 26,568 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,342 0  
20 Occupancy.............. 46,511 9,302   37,209
21 Travel, conferences, and meetings....... 634 127   508
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 48,293 10,754   37,539
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,301,615 398,638   824,888
25 Contributions, gifts, grants paid....... 1,235,579 1,235,579
26 Total expenses and disbursements. Add lines 24 and 25 2,537,194 398,638   2,060,467
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 15,250
b Net investment income (if negative, enter -0-) 1,995,504
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 551,114 759,241 759,241
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 5,000 Click to see attachment5,000 5,000
b Investments—corporate stock (attach schedule)....... 25,836,934 Click to see attachment26,990,768 30,067,980
c Investments—corporate bonds (attach schedule)....... 14,057,344 Click to see attachment12,721,452 13,519,653
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 154,007 Click to see attachment127,183 74,845
14 Land, buildings, and equipment: basis bullet249,462
Less: accumulated depreciation (attach schedule) bullet184,368 69,436 Click to see attachment65,094 65,094
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 40,673,835 40,668,738 44,491,813
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment347,313 Click to see attachment530,113
23 Total liabilities (add lines 17 through 22)......... 347,313 530,113
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 40,326,522 40,138,625
29 Total net assets or fund balances (see instructions)..... 40,326,522 40,138,625
30 Total liabilities and net assets/fund balances (see instructions). 40,673,835 40,668,738
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
40,326,522
2
Enter amount from Part I, line 27a .....................
2
15,250
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
40,341,772
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
203,147
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
40,138,625
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b GLOBAL PRIVATE OPPORTUNITIES PARTNERS P    
c GRANDVIEW INTEREST P    
d GREENFIELD INTEREST P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,317,120   6,084,422 232,698
b     23,775 -23,775
c 10,000     10,000
d 5,000     5,000
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       232,698
b       -23,775
c       10,000
d       5,000
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 223,923
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 27,738
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 27,738
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 27,738
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 25,832
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 35,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 60,832
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 33,094
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet33,094 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL, WI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMICHAEL MALING Telephone no.bullet (847) 917-0855

    Located atbullet951 MT VERNON AVENUELAKE FORESTIL ZIP+4bullet60045
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MICHAEL S MALING CHAIRPERSON, CEO & DIRECTOR
    40.00     		300,729 55,188 0
    951 MT VERNON AVENUE
    LAKE FOREST,IL60045
    ELISE WILLIAMS CO-PRESIDENT, TREASURER & DIRECTOR
    40.00     		76,177 20,710 0
    1760 GEORGE COURT
    GLENVIEW,IL60025
    MARISSA IANCU CO-PRESIDENT, SECRETARY & DIRECTOR
    40.00     		77,044 44,273 0
    9010 N TENNYSON DRIVE
    MILWAUKEE,WI53217
    BEATRICE CRAIN DIRECTOR - DECEASED
    40.00     		171,050 34,718 0
    505 N LAKE SHORE DRIVE 1105
    CHICAGO,IL60611
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    COLLEEN HEIN OFFICE ADMINISTRATOR
    40.00     		43,333 11,987 0
    3340 DEERFIELD RD
    RIVERWOODS,IL60015
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MID-CONTINENT CAPITAL INVESTMENT MANAGEMENT 268,612
    123 N WACKER DR SUITE 1100
    CHICAGO,IL60606
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    43,353,639
    b
    Average of monthly cash balances.......................
    1b
    659,462
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,182,990
    d
    Total (add lines 1a, b, and c).........................
    1d
    47,196,091
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    47,196,091
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    707,941
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    46,488,150
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,324,408
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,324,408
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    27,738
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    27,738
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,296,670
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,296,670
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,296,670
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,060,467
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,060,467
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,060,467
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 2,296,670
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017...... 106,444
    d From 2018...... 269,352
    e From 2019......  
    fTotal of lines 3a through e........ 375,796
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,060,467
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 2,060,467
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 236,203 236,203
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 139,593
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		139,593
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 139,593
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ARF - ANIMAL RESCUE FOUNDATION
    531 W ROOSEVELT RD
    WHEATON,IL60189     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    ALIYA INTERNATIONAL STUDENT EXCHANGE PROGRAM
    6720 BAY CIRCLE DR
    KNOXVILLE,TN37918     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    ALZHEIMER'S DISEASE RESOURCE
    200 CARLETON AVE
    EAST ISLIP,NY11730     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    ART INSTITUTE OF CHICAGO
    111 SOUTH MICHIGAN AVENUE
    CHICAGO,IL60603     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    ASSOCIATED BETH RIVKA SCHOOL
    310 CROWN ST
    BROOKLYN,NY11225     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    ASSOCIATED TALMUD TORAHS
    3531 MADISON ST
    SKOKIE,IL60076     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    AVNER INSTITUTE
    122 VANDERBILT AVE APT 5A
    BROOKLYN,NY11205     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 21,000
    BADER HILLEL ACADEMY
    6401 N SANTA MONICA BLVD
    MILWAUKEE,WI53217     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    BEIS MIDRASH OF QUEENS
    17 FORT GEORGE HL APT 7J
    NEW YORK,NY10040     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    CAMP GAN ISRAEL
    580 CROWN STREET APT 509
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    CARING FOR FRIENDS
    530 W FULLERTON PKWY
    CHICAGO,IL60614     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    CHABAD JEWISH CENTER OF ARLINGTON HEIGHTS
    1616 PLYMOUTH DR
    ARLINGTON HEIGHTS,IL60004     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    CHABAD LUBAVITCH OF ROCKFORD
    3661 GRENOBLE CT
    ROCKFORD,IL61114     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 3,500
    CHABAD OF CHAMPAIGN URBANA
    509 S 4TH ST
    CHAMPAIGN,IL61820     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 12,500
    CHABAD OF GLENCOE
    976 OAK DR
    GLENCOE,IL60022     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    CHABAD OF NINGBO
    770 EASTERN PARKWAY SUITE 405
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    CHABAD TERROR VICTIMS PROJECT
    885 3RD AVE SUITE BE290
    NEW YORK,NY10022     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    CHAMAH
    420 LEXINGTON AVE 300
    NEW YORK,NY10170     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 18,000
    CHEDER LUBAVITCH HEBREW DAY SCHOOL
    5201 HOWARD ST
    SKOKIE,IL60077     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    CHICAGO FESTIVAL OF ISRAELI CINEMA
    676 VERNON AVENUE
    GLENCOE,IL60022     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    CHICAGO LOOP SYNAGOGUE
    16 S CLARK ST
    CHICAGO,IL60603     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 4,580
    COLEL CHABAD
    806 EASTERN PARKWAY
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    COMM FOR FURTHERANCE OF JEWISH EDUCATION
    824 EASTERN PARKWAY
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    CONGREGATION HAMERKAZ INC
    211-10 18TH AVE
    BAYSIDE,NY11360     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    CONGREGATION YESHIVA YAD MOISHE
    1520 39TH ST
    BROOKLYN,NY11218     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 3,000
    CORRIE TEN BOOM FELLOWSHIP
    PO BOX 2001
    COLLEYVILLE,TX76034     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    COUNCIL ON FOUNDATIONS
    1255 23RD STREET NW SUITE 200
    WASHINGTON,DC20037     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 499
    DARCHAI MENACHEM INC
    432 RUTLAND RD
    BROOKLYN,NY11203     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    DOCTORS WITHOUT BORDERS
    40 RECTOR ST 16TH FLOOR
    NEW YORK,NY10006     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    EDUCATIONAL INST OHOLEI TORAH
    667 EASTERN PARKWAY
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    FEDERATION OF JEWISH COMMUNITY
    1360 N PROSPECT AVE
    MILWAUKEE,WI53202     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    FOUNDATION FOR EDUCATION & LEARNING
    6220 N SAINT LOUIS AVE
    CHICAGO,IL60659     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 15,000
    FREE OF CHICAGO
    191 BETHPAGE-SWEET HOLLOW ROAD
    OLD BETHPAGE,NY11804     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    FRIENDS OF YASHAR LACHAYAL
    20 CHALMERS ROAD
    EAST BRUNSWICK,NJ08816     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    FRIENDSHIP CIRCLE OF WI
    500 W SILVER SPRING DR
    GLENDALE,WI53217     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    GASTROINTESTINAL RESEARCH FOUNDATION
    70 E LAKE ST
    CHICAGO,IL60601     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 101,000
    HADASSAH
    50 W 58TH ST
    NEW YORK,NY10019     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    HEBREW THEOLOGICAL COLLEGE
    7135 CARPENTER RD
    SKOKIE,IL60077     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    HINDA INSTITUTE
    9401 MARGAIL AVE
    DES PLAINES,IL60016     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 20,000
    IDA CROWN JEWISH ACADEMY
    8233 CENTRAL PARK AVE
    SKOKIE,IL60076     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 18,000
    ILLINOIS HOLOCAUST MUSEUM & EDUCATIONAL CENTER
    9603 WOODS DRIVE
    SKOKIE,IL60077     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    ILLINOIS STATE UNIVERSITY FOUNDATION
    101 ALUMNI CENTER CAMPUS BOX 8000
    NORMAL,IL61790     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    INSIGHT PROJECT FOR KIDS
    1111 N DEARBORN ST SUITE 519
    CHICAGO,IL60610     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 11,000
    INTERNATIONAL LONE SOLDIERS INC
    479 VIOLA RD
    SPRING VALLEY,NY109772540     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    ISRAEL EMERGENCY ALLIANCE DBA STANDWITHUS
    PO BOX 341069
    LOS ANGELES,CA900341069     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    ISRAEL FOOD DISTRIBUTION INC
    106 PENNINGTON AVE
    PASSAIC,NJ07055     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 3,000
    ISRAEL SELECT CHARITY FUND
    144-16 68TH AVE
    QUEENS,NY11367     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    JEWISH BEGINNINGS LUBAVITCH PRESCHOOL INC
    6401 N SANTA MONICA BLVD
    MILWAUKEE,WI53217     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 22,500
    JEWISH EDUCATIONAL MEDIA
    784 EASTERN PARKWAY SUITE 403
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 130,000
    JEWISH ENRICHMENT PROGRAM
    5200 S HYDE PARK BLVD
    CHICAGO,IL60615     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    JEWISH NATIONAL FUND
    42 E 69TH ST
    NEW YORK,NY10021     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 70,000
    JEWISH WAR VETS OF THE USA
    1811 R ST NW
    WASHINGTON,DC20009     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    JEWISH YOUTH FOUNDATION
    614 E BROWN DEER RD
    MILWAUKEE,WI53217     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    JOAN DACHS BAIS YAAKOV ELEMENTARY HEBREW DAY SCHOOL
    3200 W PETERSON
    CHICAGO,IL60659     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    LEV CHABAD INC
    525 BROOKLYN AVE APT 2
    BROOKLYN,NY11225     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    LUBAVITCH CHABAD OF GLENVIEW
    701 HARLEM AVE
    GLENVIEW,IL60025     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    LUBAVITCH GIRLS HIGH SCHOOL INC
    6350 N WHIPPLE ST
    CHICAGO,IL60659     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    LUBAVITCH MESIVTA OF CHICAGO
    2756 W MORSE AVE
    CHICAGO,IL60645     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    LYRIC OPERA
    20 NORTH WACKER DRIVE SUITE 860
    CHICAGO,IL60606     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    M Y KEREN HASHLUCHIM INC
    398 CROWN ST
    BROOKLYN,NY112253006     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 15,000
    MARKLUND CHILDRENS HOME
    1S450 WYATT DRIVE
    GENEVA,IL60134     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    MENACHEM EDUCATION FOUNDATION INC
    411 KINGSTON AVENUE SUITE 300
    BROOKLYN,NY11225     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 20,000
    MERKOS L INYONEI CHINUCH LUBAVITCH OF INDIANA INC
    1037 GOLF LANE
    INDIANAPOLIS,IN46260     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 100,000
    NCSY
    3200 W TOUHY AVE
    SKOKIE,IL60076     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 50,000
    NEIMUS MOSHE
    54 LARRISON LOOP
    STATEN ISLAND,NY10314     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 50,000
    NORTH SHORE TORAH CENTER
    6247 N SACRAMENTO AVE
    CHICAGO,IL60659     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 15,000
    OHOLEI YOSEF YITZCHOK LUBAVITCH
    878 EASTERN PARKWAY
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    OPENDOR MEDIA
    11110 WEST OAKLAND PARK BLVD SUITE
    288
    SUNRISE,FL33351     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    ORPHANS OF THE STORM
    2200 RIVERWOODS RD
    RIVERWOODS,IL60015     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    PARALYZED VETERANS OF AMERICA
    801 18TH ST NW
    WASHINGTON,DC20006     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    PAWS CHICAGO
    1933 N MARCEY
    CHICAGO,IL60614     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    ROFEH CHOLIM CANCER SOCIETY
    762 BEDFORD AVE
    BROOKLYN,NY11205     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    SIMON WIESENTHAL
    1399 S ROXBURY 2ND FLOOR
    LOS ANGELES,CA90035     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    ST JOSEPH'S INDIAN SCHOOL
    1301 NORTH MAIN STREET
    CHAMBERLAIN,SD57325     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    TEN YAD KALLAH GEMACH
    559 EMPIRE BLVD
    BROOKLYN,NY11225     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    THE BINYAMIN FUND INC
    11 BAKER LANE
    SUFFERN,NY10901     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 85,000
    THE CHICAGO CENTER
    6557 LINCOLN AVE
    LINCOLNWOOD,IL60712     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    THE HUMANE SOCIETY OF THE US
    1255 23RD ST NW SUITE 450
    WASHINGTON DC,DC20037     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    THE SHUL AT BAYSIDE
    8825 N LAKE DR
    BAYSIDE,WI53217     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 12,000
    THE WASHINGTON INSTITUTE FOR NEAR EAST POLICY
    1111 19TH STREET NW - SUITE 500
    WASHINGTON,DC20036     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    TORAH COMMUNITY FUND INC
    C/O JOSH WINTER 4 KATHERINE AVENUE
    PASSAIC,NJ07055     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    UNITED LUBAVITCHER YESHIVA
    570 CROWN ST
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    UNIVERSITY OF CHICAGO
    5801 S ELLIS AVE
    CHICAGO,IL60637     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 50,000
    WTTW
    5400 N ST LOUIS AVE
    CHICAGO,IL60625     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    YALDEI SHLUCHEI HA REBBE
    353 KINGSTON AVE SUITE 302
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    YOUNG AMERICA'S FOUNDATION - REAGAN RANCH
    11480 COMMERCE PARK DR 6TH FLOOR
    RESTON,VA20191     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    Total .................................bullet 3a 1,235,579
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 64  
    4 Dividends and interest from securities....     14 2,170,126  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 531190 52,021      
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     01 29  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 223,923  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 52,021 2,394,142 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,446,163
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    CRAIN-MALING FOUNDATION
     
    Employer identification number

    20-4310219
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    CRAIN-MALING FOUNDATION
          		Employer identification number
    20-4310219
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    BEATRICE CRAIN CHARITABLE REMAINDER ANNUITY TRUST
     
    1006 CHAUCER LN
     
    HIGHLAND PARK, IL60035

    		$ 106,281


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    CRAIN-MALING FOUNDATION
          		Employer identification number

    20-4310219
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    CRAIN-MALING FOUNDATION
          		Employer identification number

    20-4310219
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 22,300 11,150   11,150

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 2005-07-01 85,595 84,245 SL 31.000000000000 1,350 0    
    BUILDING IMPROVEMENTS 2005-07-01 21,840 19,487 SL 31.000000000000 705 0    
    OFFICE REMODELING 2005-07-01 91,497 25,764 SL 40.000000000000 2,287 0    
    OFFICE FURNITURE 2009-07-01 16,461 16,461 SL 5.000000000000 0 0    
    OFFICE FURNITURE 2018-08-30 11,975   200DB 7.000000000000 0 0    
    OFFICE EQUIPMENT 2018-10-19 9,738   200DB 5.000000000000 0 0    
    OFFICE FURNITURE 2018-11-30 12,356   200DB 7.000000000000 0 0    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK OF AMERICA CALL 03/17/2025 257,608 275,000
    BANK OF AMERICA CALL 09/05/2024 1,248,951 1,362,500
    CHARLES SCHWAB CORP CALL 06/01/2025 250,000 274,688
    CHARLES SCHWAB CORP CALL 3/1/2022 765,654 752,100
    CHENIERE ENERGY INC 555,480 596,386
    CITIGROUP INC CALL 01/30/2023 271,906 284,625
    CITIGROUP INC CALL 8/15/2026 850,071 920,960
    ENBRIDGE ENERGY PARTNERS CALL 03/01/2028 758,593 828,023
    ENBRIDGE INC CALL 01/15/2027 776,121 828,945
    ENTERPRISE PRODUCTS OPER 590,625 656,663
    GOLDMAN SACHS GROUP INC CALL 11/10/26 1,044,647 1,093,750
    JP MORGAN CHASE L+3.80% QTRLY RESET 602,411 578,686
    JPMORGAN CHASE & CO CALL 10/01/2024 1,377,970 1,397,500
    M&T BANK CORPORATION 976,500 1,093,000
    M&T BANK CORPORATION CALL 02/15/2024 371,652 378,000
    METLIFE INC 450,302 508,611
    MORGAN STANLEY NON-CUM PFD 3.733% 249,630 251,285
    ZIONS BANCORPORATION CALL 06/15/2023 795,154 896,431
    ZIONS BANCORPORATION CALL 09/15/2023 528,177 542,500

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AEGON PFD SER X 5.10% 500,901 538,800
    AFFILIATED MANAGERS GROUP PFD 5.875% 279,113 310,050
    AFFILIATED MANAGERS PFD SER B 4.75% 624,827 647,750
    AGNC INVESTMENT CORP PFD 6.125% 632,345 709,240
    AGNC INVESTMENT CORP PFD 6.875% 1,354,747 1,537,800
    ALLSTATE CORP PFD SER H 5.1% 167,134 180,811
    AT&T PFD SER C 4.75% 1,861,995 1,953,000
    B RILEY FINL INC PFD 5.25% 250,152 249,800
    BAC PFD SER K 5.875% 105,603 108,040
    BAC PFD SER L 440,649 429,666
    BAC PFD SER M 5.375% 661,050 678,250
    BAC PFD SER O 4.375% 174,901 177,800
    CITIZENS FINANCIAL PFD SER E 5.0% 1,219,422 1,325,500
    COMMUNITY HEALTHCARE TRUST INC 432,019 1,102,712
    DIGITAL REALTY TRUST SER L 5.2% 808,435 881,958
    FFC PREFERRED PORT 190,301 224,800
    FIRST REPUBLIC BANK PFD SER I 5.50% 54,499 54,684
    HUNTINGTON BANCSHARES 5.7% 250,928 261,500
    INVESCO FINANCIAL PFD 358,193 378,200
    ISHARES TR CORE MSCI 76,272 76,724
    JP MORGAN CHASE PFD SER GG 4.75% 754,680 786,600
    KEY PFD SER J 5.65% 200,585 217,440
    KEY PFD SER K 5.625% 1,155,462 1,247,400
    KKR GROUP FIN CO PFD 4.625% 125,201 130,400
    MARVELL TECHNOLOGY GROUP LTD 101,462 328,800
    METLIFE PFD SER F 4.75% 999,600 1,073,600
    MORGAN STANLEY PFD SER K 5.85% 1,012,000 1,178,400
    NEXTERA ENERGY PFD SER K 201,125 203,360
    NEXTERA ENERGY PFD SER N 5.65% 46,164 52,309
    PEOPLE'S UNITED FIN INC PFD SER A 5.625% 625,560 734,500
    PNC FINL SVCS GROUP PFD SER P 520,210 514,400
    SOUTHERN CO PFD SER C 4.20% 624,339 639,250
    SOUTHERN CO PFD SER D 4.95% 981,796 1,063,600
    SPDR SER TR S&P BIOTECH ETF 44,667 44,932
    STARWOOD PPTY TRUST 206,485 203,760
    STIFEL FINANCIAL CORP PFD SER B 6.25% 313,111 338,125
    SVB FINL GROUP PFD SER A 5.25% 1,857,651 1,979,250
    TRUIST FINACIAL PFD SER O 5.25% 382,290 421,200
    TRUIST FINANCIAL PFD SER R 4.75% 375,000 399,750
    WELLS FARGO CVT PFD 7.5% 1,971,317 2,279,955
    WELLS FARGO PFD SER Z 4.75% 229,663 259,000
    WINTRUST FIN SER D PFD 6.5% 499,739 557,600
    WINTRUST FIN SER E PFD 6.875% 499,772 564,800
    ACCENTURE PLC IRELAND 113,363 127,370
    ALPHABET INC CAP STK CL C 185,951 207,579
    AMAZON COM INC 283,341 269,794
    AON PLC REGISTERED SHS CL A 85,952 104,614
    APPLE INC COM 184,175 187,250
    BLACKROCK INC COM 105,574 113,215
    COMCAST CORP CL A 53,553 47,573
    CONSTELLATION BRANDS INC CL A 66,031 65,043
    COSTCO WHOLESALE CORP NEW COM 127,730 147,462
    DISNEY WALT CO 78,310 76,082
    ECOLAB INC COM 49,269 50,000
    EOG RES INC COM 84,438 108,641
    FACEBOOK INC CLASS A 129,436 121,339
    HOME DEPOT INC COM 82,016 92,935
    HONEYWELL INTL INC COM 67,922 65,586
    INTUIT INCORPORATED COM 58,642 68,859
    JP MORGAN CHASE & CO COM 81,594 89,192
    MASTERCARD INC CL A COM 130,687 120,787
    MICROSOFT CORP COM 76,985 91,196
    NETFLIX INC COM 24,919 31,064
    NEXTERA ENERGY INC COM 26,964 29,866
    RATHEON TECHNOLOGIES CORP COM 48,456 48,873
    ROPER TECHNOLOGIES INC COM 75,253 75,620
    SALESFORCE.COM INC COM STOCK 71,658 89,907
    TELADOC HEALTH INC COM 29,004 29,918
    THERMO FISHER SCIENTIFIC INC COM 143,435 174,094
    TRADEWEB MKTS INC CL A 58,366 60,143
    ULTA SALON COSMETICS & FRAGRANCE INC 31,419 34,899
    UNITY SOFTWARE INC COM 58,390 71,872
    WORKDAY INC CL A 65,197 82,644
    ZEBRA TECHNOLOGIES CORP CL A 96,665 96,111
    ZIMMER BIOMET HLDGS INC COM 44,708 42,936

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    5,000
    State & Local Government Securities - End of Year Fair Market Value:


    5,000


    TY 2020 InvestmentsOtherSchedule2
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GLOBAL PRIVATE OPPORTUNITIES PARTNERS OFFSHORE AT COST 127,183 74,845

    TY 2020 LandEtcSchedule2
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 85,595 85,595 0  
    BUILDING IMPROVEMENTS 21,840 20,192 1,648  
    OFFICE REMODELING 91,497 28,051 63,446  
    OFFICE FURNITURE 16,461 16,461 0  
    OFFICE FURNITURE 11,975 11,975 0  
    OFFICE EQUIPMENT 9,738 9,738 0  
    OFFICE FURNITURE 12,356 12,356 0  


    TY 2020 LegalFeesSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 10,933 5,466   5,466


    TY 2020 OtherDecreasesSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Description Amount
    COST BASIS ADUSTMENTS 203,147


    TY 2020 OtherExpensesSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 9,923 1,985   7,938
    OUTSIDE SERVICES 21,365 4,273   17,092
    DEDUCTIONS FROM K-1 INVESTMENTS 1,501 1,501   0
    PAYROLL PROCESSING FEES 1,380 276   1,104
    MARKETING 527 0   527
    OFFICE EXPENSE 13,597 2,719   10,878


    TY 2020 OtherIncomeSchedule2
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GLOBAL PRIVATE OPPORTUNITIES PARTNERS 4 4 4
    SECURITIES LITIGATION INCOME 25 25 25


    TY 2020 OtherLiabilitiesSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARD PAYABLE 258 1,123
    INVESTMENT IN GRAND VIEW COURT 234,855 331,212
    INVESTMENT IN GREENFIELD LP 112,200 108,902
    INVESTMENT IN AURORA MARKETPLACE 0 88,876


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 268,612 268,612   0


    TY 2020 TaxesSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 25,000 0   0
    STATE EXCISE TAX 1,568 0   0